Imperial Tobacco Group Plc. (IMT.L,ITYBY.PK) announced the full exercise of the over-allotment option by Credit Suisse Securities (Europe) Limited, and the end of the stabilisation period for the IPO of Compañía de Distribución Integral Logista Holdings, S.A.U or "Logista".
In connection with the offer of existing shares of Logista by Altadis S.A.U. or the "Selling Shareholder" to qualified investors, Credit Suisse Securities (Europe) Limited, in its capacity as stabilisation agent, has informed Logista today of the exercise in full of the over-allotment option granted by the Selling Shareholder over 3.62 million shares of Logista (equivalent to 10% of the shares of the initial Offer).
The price for the shares subject to the over-allotment option is the same as the Offer price, of 13.00 euros per share.
The Selling Shareholder is an indirect wholly-owned subsidiary of Imperial Tobacco.
Following the IPO and the exercise in full of the over-allotment option, which represent an aggregate offer size of 39.82 million shares of Logista, Imperial Tobacco will hold approximately 70.0% of the share capital of Logista. Logista and the Selling Shareholder are subject to a 180 day lock-up period.
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